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Stophunt

I backtested FXCM's Ideas 100 TimesI backtested @FXCM 's ideas 100 times with several strategies. This research contains: (1) If it is worthy to buy cheaper than @FXCM 's signal. (2) If it is worthy to hunt @FXCM 's stop loss. (3) If @FXCM 's signals take profit too quickly. (4) If the price approaches @FXCM 's target, will it go back to buy entry? There are 5 strategies in this test case. (1) Original : follow @FXCM 's entry, stop loss and profit target. If there are 2 profit targets in an idea, I treat it as 2 trades. If there are no profit targets in an idea, I use 1:1 risk ratio. (2) cheapo_q : shift down entry, stop loss and profit target by ( entry - stop loss ) * 0.25 . (3) cheapo_h : shift down entry, stop loss and profit target by ( entry - stop loss ) * 0.5 . (4) hunter : shift down entry, stop loss and profit target by ( entry - stop loss ) . This strategy is for hunting @FXCM 's stop loss. (5) reversal : entry of reversal = @FXCM 's target , target of reversal = @FXCM 's entry. Stop loss of reversal : use 1:1 risk ratio. Quantity per trade: 50 shares for xau 100000 shares for eur,gbp,aud,nzd,usd,cad,chf result Strategy Win-Lose Profit-Loss Original 45-50 31366.57 - 19460.67 = 11905.9 cheapo_q 29-44 20080.97 - 16040.95 = 4040.02 cheapo_h 26-36 19006.84 - 12609.71 = 6397.13 hunter 16-27 8809.81 - 8759.51 = 50.3 reversal 25-20 15816.03 - 14381.96 = 1434.07 Observation * Some signals were generated when breakout, so waiting for pullback may miss some opportunities. * Advice : also consider basics and sentiments to avoid non-profitable trades. * Hunting @FXCM 's stop loss is not profitable enough. * @FXCM 's followers can consider higher profit target but need to protect difficult-to-get profit.
by clocks156t174
EURNZD, Long Opportunity, RR 1:14Goood morning ladies and gents, EURNZD is poised to see higher prices today. It will rally up to the area marked as the final TP over the next week. Why? Simple. There was a consolidation (range) condition prior to a break to the top side. This induced retailers to look for longs, anyone who went long would have their maximum stop below the low of the range. Typical trading systems, lol. Price stop hunted to the other side of the range as expected, then cleared the EQ lows at the other side. This in turn, induced retail traders to look for shorts. However, we're currently in a Daily Bullish Institutional Orderflow with a clear objective to the topside. It's worth noting that although the daily structure is bullish, we're still in a weekly & monthly sell structure. Hence a TP at 1.68870 is advised as it's a potential point of reversal". Aligning seasonal tendencies with this technical perspective, it shows that EN tends to rally higher from the beginning of May until Mid May where a huge sell off begins, in line with our Weekly & Monthly sell structure bias. That's it for now. Take care.
Long
by Jiraiya_eth
Understanding the NFP EU PumpHere are some questions I put out to my community group the other day followed by the answers. The reasoning being the move has been annotated on the chart. Why did price slowly decline prior to NFP? - Price had to decline slightly before NFP to mitigate the impulsive move created earlier in the day. - Price had to stop out break and re-test buyers with a tight stop loss - Price had to lure sellers into the market before NFP Why did price reject the exact box marked before skyrocketing? - Price skyrocketed because it had gathered enough liquidity from stopping out the buyers. - It utilised the previous order block to skyrocket to take out the impulsive sellers before NFP.
Education
by AlkalineFX
XAUUSD TRADE IDEAPrice creates liquidity from clearing equal highs at around $1750, following the double bottom formation formed at $1680, which created liquidity from a 450 pip stop run after clearing equal lows from 8th March. Price balanced out the previous imbalanced bearish move to $1680, and a bullish move to the liquidity sitting at around $1750 followed shortly after, as expected. Now I expect the price to retrace back to around $1700 to clear the imbalance created by the last bullish move. This anticipated direction also supports my bullish bias for DXY, which I expect to retest near the 92.900 level.
OANDA:XAUUSDShort
by kojemagan
How To Avoid The Market Makers Stop Hunt Movement As part of the daily movement in the forex market is the stop hunting done by the market makers. They don't mean to hunt the normal and small trader at all, they are targeting the big investors and hedge funds you just happen to be in the wrong place at the wrong time. As shown in No.1 this huge wick is an obvious stop hunt movement in this case the market makers are hunting the ones entered in the middle or at the end of the uptrend. Lesson learned here "NEVER ENTER A TRADE IN THE MIDDLE OF A TREND ALWAYS WAIT FOR A RE-TRACEMENT" In NO.2 after the price gave a good bearish signal ( hanging man candlestick ) it made a a shooting star candle with huge wick to hunt the stop losses. in this case lesson learned here " WHEN YOU ENTER A TRADE WITH PRICE ACTION MAKE SURE TO PUT YOUR STOP LOSS ABOVE/BELOW IT WITH AT LEAST 20 - 30 PIPS" In NO.3 when you trade you will see this low (blue line) broken so you would assume that it will continue to the downside and after you enter a sell trade NO.3 will occur. Lesson learned here is "DON'T ENTER AT THE END OF A SMALL TREND AND USE A GOOD BREAK SIGNAL" And a last tip " TRY TO THINK AS A MARKET MAKER AND ANTICIPATE THE AREAS THEY WOULD HIT AND PUT YOUR STOP LOSS ABOVE/BELOW IT BY 20-30 PIP"
Education
by FX_Elite_Club
2
Bulls loaded, Weakhands out & long trades filled!After a couple day's, my long orders are finally filled! We saw the pullback as expected towards the placed orders! This could be a higher low followed by a higher high. Price hunted some low's and landed (so far) in our entry zone. For now, sit back, relax & let the market do it's thing. Side note: I placed extra take profit for this trade around ~$82.000. Thank you for checking in! Do you have tips or other comments? Tell me please! I'm open for feedback!
BITFINEX:BTCUSDLong
by stannieb